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Lillian Fok is president of Lakefront Manufacturing, a producer of bicycle tires. Fok makes 1 , 0 0 0 tires per day with the following
Lillian Fok is president of Lakefront Manufacturing, a producer of bicycle tires. Fok makes tires per day with the following resources:
tableLabor: hours per day @ $ per hourRaw Material:, pounds per day @ $ per poundEnergy:$ per dayCapital:$ per day
a Labor productivity per labor hour for these tires tireslabor hour round your response to two decimal places
b Multifactor productivity for these tires tiresdollar round your response to four decimal places
c The percent change in multifactor productivity if Fok can reduce the energy bill by $ per day without cutting production or changing any other inputs enter your response as a percentage rounded to two decimal places
Note: calculate the new multifactor productivity to four decimal places before calculating the percentage change.
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